According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S.taxpayers who make the highest incomes
A) use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.
B) pay almost 69 percent of federal income taxes.
C) pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
D) pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.
Correct Answer:
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Q121: Table 18-9 Q123: The excess burden of a tax Q124: The marginal tax rate is Q125: The average tax rate is calculated as Q126: According to the ability-to-pay principle of taxation Q127: According to the benefits-received principle of taxation Q128: The horizontal-equity principle of taxation is not Q129: Horizontal equity means that two people in Q136: Vertical-equity is most closely associated with which Q137: A tax is efficient if
A)measures the
A)the amount of
A)total
A)individuals
A)individuals
A)individuals with the
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